Much has been made of last week’s data released by the U.S. Energy Information Administration (EIA) indicating that the US is, once again, a net exporter of fuel — for the first time since 1949.
When the Wall Street Journal first reported the story, it seemed like very good news, and the initial reactions all pointed toward the potential for the US to become energy independent. EIA data showed the country as having net exports of 64 million barrels of various petroleum products through the first nine months of the year, according to the WSJ.
The article maintains this is because Read more...